audience inc (ADNC) Related Businessweek News

audience inc (ADNC) Details

Audience, Inc. provides voice and audio solutions for mobile devices in Korea, China, the United States, and internationally. Its platform consists of proprietary, purpose-built digital signal processors (DSPs) and audio codecs, analog and mixed signal circuits, and algorithms for voice isolation and noise suppression. The company offers voice and audio processors, including eS305, a second generation voice and audio processor for far-field wideband communications; eS310 that provides flexible connectivity to analog and digital interfaces; eS325, a third generation voice and audio processor for consistent voice call experience when moving between 3G and 4G networks; eS70x, which delivers a range of innovations in speech, voice, and multimedia audio processing, as well as delivers improved performance in third generation automatic speech recognition assist, bandwidth expansion, improved acoustic echo cancellation, and audio playback enhancements technologies; and eS75x that combines the eS70x advanced voice and audio processing capabilities with a high performance mixed-signal audio sub-system. It also provides AuViD graphical design tools that enable original equipment manufacturers (OEMs) to integrate and customize the features of its voice and audio processors in a multitude of device designs. The company sells its products to OEMs and their contract manufacturers through its direct sales force, third-party sales representatives, and distributors. The company was formerly known as Applied Neurosystems Corporation and changed its name to Audience, Inc. in June 2002. Audience, Inc. was founded in 2000 and is headquartered in Mountain View, California.

audience inc (ADNC) Key Developments

Audience, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015 and Tax Rate Guidance for the Full Year 2015

Feb 5 15

Audience, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. Revenue for the fourth quarter of 2014 was $17.2 million, compared with $33.1 million for the same period in 2013. Net loss was $45.5 million, or $1.96 per diluted share. The net loss referenced above includes a $31.3 million impairment charge related to the goodwill and intangible assets that were recorded in connection with the acquisition of Sensor Platforms, Inc. The noncash impairment charge was a result of the change in Audience's enterprise value, based on the trading prices of its common stock, rather than deterioration in the Sensor Platforms' business. This compares with GAAP net loss of $2.9 million, or $0.13 per diluted share based on weighted average shares outstanding of 22.0 million, for the same period in 2013. Non-GAAP net loss for the fourth quarter of 2014 was $8.5 million, or $0.37 per diluted share based on weighted average shares outstanding of 23.2 million. This compares with non-GAAP net loss of $2.8 million, or $0.13 per diluted share based on weighted average shares outstanding of 22.0 million, for the same period in 2013. Loss from operations was $45.306 million against $4.902 million a year ago. Loss before income taxes was $45.502 million against $4.944 million a year ago.
Revenue for the full year 2014 was $113.3 million, compared with $160.1 million for 2013. Net loss for the full year 2014 was $73.6 million, or $3.25 per diluted share based on weighted average shares outstanding of 22.7 million, compared to net income of $2.1 million, or $0.09 per diluted share based on weighted average shares outstanding of 23.2 million for 2013. Non-GAAP net loss for the full year of 2014 was $22.2 million, or $0.98 per diluted share based on weighted average shares outstanding of 22.7 million, compared to 2013 non-GAAP net income of $8.8 million, or $0.38 per diluted share based on weighted average shares outstanding of 23.2 million. Loss from operations was $71.334 million against income from operation of $4.262 million a year ago. Loss before income taxes was $71.643 million against income before income tax of $4.139 million a year ago.
For the first quarter of 2015, the company expects total revenue to be in the range of $17 to $20 million. First quarter GAAP gross margin is expected to be in the range of 40.3% to 44.0%. First quarter GAAP net loss, which includes $2.2 million of expected stock-based compensation expense and $1.0 million of expected intangible asset amortization, is expected to be in the range of $16.2 to $18.0 million, or $0.68 to $0.76 per diluted share on approximately 23.5 million diluted weighted average shares outstanding. First quarter non-GAAP gross margin is expected to be in the range of 45.5% to 48.5%. First quarter non-GAAP net loss is expected to be in the range of $10.4 to $11.9 million, or $0.44 to $0.50 per share on a diluted basis.
The company expects 20% non-GAAP tax rate for the year 2015.

Audience, Inc. to Report Q4, 2014 Results on Feb 05, 2015

Jan 21 15

Audience, Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 05, 2015

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.